Yes Bank MCLR Rate, Yes Bank Base Rate – Jan 2017

Yes Bank MCLR Rate – Current Rate, Past Trend

Last Updated 21st Jan 2017
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Yes Bank MCLR, Base Rate Tenure
8.15% Overnight
8.25% 1 Month
8.40% 3 Month
8.65% 6 Month
8.95% 1 Year
Base rate - 10.25%
Current MCLR base rate of Yes Bank ranges from 8.15% to 8.95% depending on the reset frequency of the loan. Rates are revised every month.
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Yes Bank Interest Rates
Home Loan Interest Rates 9.50% * Floating Detail
Personal Loan Interest Rates 11.99% * Detail
Fixed Deposit Interest Rates 5.50% to 7.15% * Detail

Past Trend Base Rate of Yes Bank

Yes Bank base rate history
Revised Date
Overnight MCLR
1 Month MCLR
3 Month MCLR
6 Month MCLR
1 Year MCLR
2 Year MCLR
3 Year MCLR
5 Year MCLR
02nd Jan 17
8.15%
8.25%
8.40%
8.65%
8.95%
-
-
-
01st Dec 16
8.40%
8.40%
8.65%
8.85%
9.10%
-
-
-
01st Nov 16
8.50%
8.50%
8.80%
9.00%
9.25%
-
-
-
01st Oct 16
8.75%
8.80%
9.10%
9.20%
9.40%
-
-
-
01st Sep 16
8.75%
8.80%
9.10%
9.20%
9.45%
-
-
-
01st Aug 16
8.75%
8.80%
9.10%
9.20%
9.45%
-
-
-
01st Jun 16
8.90%
9.00%
9.25%
9.30%
9.50%
-
-
-
01st Apr 16
9.00%
9.10%
9.25%
9.40%
9.60%
-
-
-

Yes Bank base rate Vs. RBI

  • RBI requires banks to set their own MCLR base rate based on their marginal cost of funds. So, Yes Bank decides its own base rate from time to time based on prescribed guidelines and formula of RBI
  • Note that the RBI does not decide the MCLR base rate of any bank
  • Effective 1st April 2016, the minimum base rate is determined based on marginal cost of funds and not on overall cost of funds. Yes Bank has different MCLR base rates ranging from 8.15% to 8.95% for different tenures

Changes in MCLR Base rate of Yes Bank

  • MCLR rate can be revised by Yes Bank every month
  • Note that it is not mandatory for Yes Bank to revise its rate every month and it may choose to retain the same rate for a longer period

Yes Bank home loan interest rate and MCLR

  • Every floating rate loan sanctioned by Yes Bank is benchmarked to its MCLR base rate for a particular tenure, say 1 month or 3 month or 6 months
  • Shorter duration loans (such as cash credit, OD facility, overnight loans) are linked to shorter duration MCLR rate while longer duration loans (such as home loan, loan against property, vehicle loan) are linked to longer duration MCLR rates
  • The applicable rate of interest on a floating rate loan will consist of two parts - the applicable benchmark rate and the spread or margin above the benchmark
  • Your loan from Yes Bank will be repriced periodically depending upon the tenure of the MCLR to which it is linked. So, a home loan linked to 1 year MCLR rate of Yes Bank will be repriced every year. Say, you take a loan at 1 year MCLR plus 50 bps spread when the 1 year MCLR is 9.60%. This loan will initially be priced at 10.1%. Its next re-pricing will be one year from now. If the 1 year MCLR rate after one year is 9.35%, the loan will be priced at 9.85% for the next year

Past trend of Yes Bank Base Rate vs RBI Repo Rate

Date Base Rate
04th Oct 16: 0.25% repo cut by RBI
05th Apr 16: 0.25% repo cut by RBI
05th Oct 15 10.25% decreased by 0.25%
29th Sep 15: 0.5% repo cut by RBI
22nd Jun 15 10.50% decreased by 0.25%
02nd Jun 15: 0.25% repo cut by RBI
04th Mar 15: 0.25% repo cut by RBI
15th Jan 15: 0.25% repo cut by RBI
28th Jan 14: 0.25% repo hike by RBI
18th Dec 13: 0% repo none by RBI
29th Oct 13: 0.25% repo hike by RBI
20th Sep 13: 0.25% repo hike by RBI
01st Aug 13 10.75% increased by 0.25%
03rd May 13: 0.25% repo cut by RBI
19th Mar 13: 0.25% repo cut by RBI
29th Jan 13: 0.25% repo cut by RBI
17th Apr 12: 0.5% repo cut by RBI
25th Oct 11: 0.25% repo hike by RBI
25th Oct 11 10.50% increased by 0.25%
16th Sep 11: 0.25% repo hike by RBI
26th Jul 11: 0.5% repo hike by RBI
16th Jul 11 10.25% increased by 0.5%
21st Jun 11 9.75% increased by 0.25%
16th Jun 11: 0.25% repo hike by RBI
04th May 11 9.50% increased by 0.5%
03rd May 11: 0.5% repo hike by RBI
02nd Apr 11 9.00% increased by 0.5%
17th Mar 11: 0.25% repo hike by RBI
25th Jan 11: 0.25% repo hike by RBI
25th Jan 11 8.50% increased by 0.5%
13th Dec 10 8.00% increased by 1%
02nd Nov 10: 0.25% repo hike by RBI
16th Sep 10: 0.25% repo hike by RBI
27th Jul 10: 0.25% repo hike by RBI
02nd Jul 10: 0.25% repo hike by RBI
01st Jul 10 7.00%

Yes Bank Base Rate Vs. RBI Repo Rate Trend

About Yes Bank

  • Yes Bank is a Private Bank in India with 632 branches, 1,194 ATM's and 9,275 employees across the country.
  • Yes Bank's registered office is located at Nehru Centre, 9th Floor, Discovery of India, Mumbai Maharashtra 400018.
  • For the year ended 31st Mar 15, the bank reported Net Interest Income of Rs. 3,488 crs. and Standalone net profit of Rs. 2,005 crs. Yes Bank reported total deposits of Rs. 91,176 crs and total advances of Rs. 75,550 crs.
  • Yes Bank's management is led by its CEO Mr. Rana Kapoor.
  • Its current Base Rate is 10.25%, which was last revised on 05th Oct 15.
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News - Jan 2017
20th Jan 17 Yes Bank registers a 30 percent growth in its net profits in third quarter of FY 17
Yes Bank has reported a 30 percent growth in its net profit to Rs. 882 crore in the third quarter of FY 17 as compared to Rs. 676 crore in the same quarter previous year. The growth in profit has been contributed by a reduction in nonperforming assets and a healthy growth in volume of loan sanctions.
18th Jan 17 Yes Bank launches Yes Fintech, a business accelerator program in collaboration with T Hub
Yes Bank in collaboration with THub (a startup incubator) has launched a business accelerator program named Yes Fintech. Under the program, the bank will provide innovative solutions to MSMEs and SMEs via Alliances, Relationships and Technology model (digitised banking approach). Yes Fintech will also help the bank to provide undisruptive lending and payments solutions to its MSME customers.
17th Jan 17 Yes Bank hired Silicon Valley based Gunshup to develop banking chatbot for loan offerings
Yes Bank has announced a partnership with Silicon Valley based Gunshup (a bot platform) to develop its chatbot named as YES mPOWER. The chatbot will facilitate customers to perform transactions on various social messengers. Customers will also get full information about various loan products (personal loan and mortgage loan) of the bank on the platform.
21st Sep 16 Fintech startup NiYO partners with YES Bank
Fintech startup NiYO has partnered with Yes Bank to turn out benefits to their employees. NiYO was launched in 2015 to benefit employee and payroll companies and allow employees to access and control their capitals. NiYO will provide benefit card to Yes Bank existing smart salary customers in 2000 companies. NiYO and Yes Bank have planned to provide these services to 20,000 companies and 5 million customers in the next five years.
23rd Aug 16 Yes Bank launches 7 credit cards
Yes Bank has launched seven credit cards to stimulate growth in its retail banking business. The card category includes Yes Prosperity and Yes First (for high net worth customers). The bank will charge a minimum 1.2 percent interest per month on Yes First Credit Card. These credit cards are central to its customer acquisition plans as the bank has set a business target too control 18 percent of industry which is having a base of 5 million active card customers by 2020
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